Interstate Insurance Compact Standards. The interstate insurance compact (compact) is an important modernization initiative that benefits state insurance regulators, consumers, and the insurance industry. And (7) to perform these and such other related functions as may be consistent with the state regulation of the business of insurance.
$15,000 per person and $30,000 per accident. And (7) to perform these and such other related functions as may be consistent with the state regulation of the business of insurance. To establish a central clearinghouse to receive and provide prompt review of insurance products covered under the compact and, in certain cases, advertisements related thereto, submitted by insurers authorized to do business in one or more compacting states;